So after months of missed deadlines and uncertainty, Labcoin still doesn't provide any proof of their legitimacy, and they start mining with hashing power that can be purchased with less than 5% of the IPO funds and everyone is happy.

Unbelievable!

For people want to sell their shares at higher price in a new exchange, this is a good news being waited for a long time. I would be excited too if I still had 10K shares, since that means I could finally have a chance to pass the hot potato to others.

What really surprises me is that how come there are still buyers willing to buy shares (Havelock PT) at IPO price. That's really beyond my comprehension.

Congratulates to those who bought a lot at the 0.0002 - 0.0004 range. You now have a big chance to double or triple your wealth (thanks to so many irrational buyers in BTC world).

So after all this, people think Labcoin is more credible as they are hashing with 2.5 Terrahash which could easily be achieved with even buying 1000 blue furys which would cost 60k and they have listed on 796.com and labcoin refuses to let them come to the site. This is a joke, how long must a scam drag out for.

I have just pulled my money out of 796.com stock as i don;t want to be associated with an exchange hat allows an asset like labcoin to be featured. To me that makes 796.com just as shady, also 796 could lose its liscence and its game over. I hope your reading this owners of 796.com, your doing a HUGE mistake

I might have not been clear, maybe my point was lost. I'll give it another try:Assuming that there is a chip, or, at least, a maskset:

If mining with Labcoin's chips is profitable, and these chips could be assembled into miners rapidly (the whole thing scales easily), why do you think the other ASIC manufacturers, who have both proven & more efficient masksets, are not doing the same? Other than having proven design, provably more efficient, why can't KNC order another run at their foundry, outsource boards & assembly, and just rake in the coin? Concern for their customers? Scruples? Love of small-time miners?

Im not sure too. And i think that the other companies will bring hashpower online for sure. But labcoin, if its legit, and the newest just dice info doesnt really look like it for me, could bring hashpower online too. Its a fight between big companies. And since labcoin theoretically has an advantage with the price, at least against endusers, i think it could get a part in the networks hashrate. Of course the other companies will built too.

What im not so sure anymore is... if the many companies that own an asic design... will succeed. Even when they have a own design... at one point the companies will fight against each other. And i dont know how this will end.

That suggestion was for 2 other wallets which received funds from the dividend wallet.

@ dex

That wallet contained a lump sum from the IPO. 7000 BTC - the fees. After the IPO BTCT would send those funds to Labcoin and not split it up internally. Also that wallet is associated with the wallet that theSeven confirmed he was paid from for his services to Labcoin. The amount, date and the association with a wallet we known belongs to Labcoin makes it highly plausible that these Bitcoins are owned by Labcoin, but only Burnside can confirm the truth.

That wallet contained a lump sum from the IPO. 7000 BTC - the fees. After the IPO BTCT would send those funds to Labcoin and not split it up internally. Also that wallet is associated with the wallet that theSeven confirmed he was paid from for his services to Labcoin. The amount, date and the association with a wallet we known belongs to Labcoin makes it highly plausible that these Bitcoins are owned by Labcoin, but only Burnside can confirm the truth.

Regarding labcoin's mining gear. Though I already posted it here (and nobody paid any attention of course), 343 BTC from the IPO funds landed on 1FTspToTzXGHJCFkrryRAwmFaqAYQL7QVt address. If I understand this post and the whole thread in German correctly, that address received payments for EU ASICminer hardware sales in the past (YXT is ASICminer hardware reseller for EU).

Funny is, that labcoin moved the money on 16th September and started hashing on 18th IIRC. One "new version" blade cost 5.3 BTC and one "old version" blade cost 4.895 BTC (with further discount for orders > 30 pcs), if you bought them from YXT at that time (reference). 343 BTC would be sufficient for ~70 old blades, with resulting hashrate of ~ 700 - 840 GH/s.

Another alternative is that the address is mislabeled and isn't just-dice at all.

Yes I'm sure that's it.. :p Cmon man, it's clear this guy has scammed us all, we should no longer hope to get any bitcoin back. The sooner we get over this, the sooner we can take further steps/let it slide/whatever..

That wallet contained a lump sum from the IPO. 7000 BTC - the fees. After the IPO BTCT would send those funds to Labcoin and not split it up internally. Also that wallet is associated with the wallet that theSeven confirmed he was paid from for his services to Labcoin. The amount, date and the association with a wallet we known belongs to Labcoin makes it highly plausible that these Bitcoins are owned by Labcoin, but only Burnside can confirm the truth.

theSeven was paid from a different wallet 1J3bLZrFdWwVE6kG9cojT5189N6Er2xHrmI'm on my phone now and the Blockchain is not working properly. Check my post on the last page, all the details are there and you can see that the IPO wallet shares funds with this wallet.